OXFORD has, once again, topped the polls for being one of the least affordable places for first-time buyers.

A study by Post Office Money has found Oxford to have no homes which are typically affordable for people taking their first steps on the property ladder.

Homes were deemed affordable if they cost less than four and a half times typical local first-time buyer incomes, according to the report, which used Office for National Statistics (ONS) data.

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Areas in more than 80 locations across the country were analysed, with Oxford being ranked joint eighth with others for least affordable locations for first-time buyers.

Post Office Money worked out the percentage of areas within each location where the average house prices were deemed to be affordable.

In line with Oxford was Warwick, Guildford, Woking, Watford, Brighton and Hove, Cambridge and York.

Then in ninth places was Bath and North East Somerset and in tenth spot was Reading and Edinburgh jointly placed.

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The firm rated the top ten areas found to be most affordable for first-time buyers is Blackpool, Lincoln, and Hull in top place with 100 per cent of homes affordable.

Closely followed by Knowsley with 95 per cent, and Stoke-on-Trent with 94 per cent.